Hubbell Incorporated Declares 7% Dividend Increase
The Board of Directors of Hubbell Incorporated declared a 7% increase in its common stock dividend, raising the annual rate to $4.20 per share, or $1.05 quarterly, up from $3.92 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Board of Directors of Hubbell Incorporated declared a 7% increase in its common stock dividend, raising the annual rate to $4.20 per share, or $1.05 quarterly, up from $3.92 per share. This dividend will be paid on December 15, 2021, to shareholders on record as of November 30, 2021. In 2020, the company reported revenues of $4.2 billion, highlighting its strong position as a manufacturer of utility and electrical solutions.
Positive
- 7% dividend increase to $4.20 per share enhances shareholder income.
- Strong revenue of $4.2 billion reinforces company stability and market confidence.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Shelton, CT, Oct. 22, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today declared a
Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure reliably and efficiently. With 2020 revenues of
Dan Innamorato
Hubbell Incorporated
40 Waterview Drive
P.O. Box 1000
Shelton, CT 06484
(475)882-4000
FAQ
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